Barclays Cuts Johnson Controls International (NYSE:JCI) Price Target to $59.00

Johnson Controls International (NYSE:JCI) had its price target lowered by Barclays from $61.00 to $59.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts also recently issued reports on JCI. HSBC downgraded shares of Johnson Controls International from a buy rating to a hold rating and set a $60.00 price target for the company. in a research note on Wednesday, January 31st. Wells Fargo & Company increased their target price on Johnson Controls International from $64.00 to $73.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Oppenheimer decreased their price target on Johnson Controls International from $71.00 to $70.00 and set an outperform rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $60.00 price objective (down from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Finally, StockNews.com lowered Johnson Controls International from a buy rating to a hold rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $64.25.

Johnson Controls International Stock Performance

NYSE:JCI opened at $62.38 on Thursday. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $70.43. The company has a fifty day simple moving average of $63.31 and a two-hundred day simple moving average of $57.30. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The company has a market cap of $42.02 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. Johnson Controls International’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. As a group, equities analysts anticipate that Johnson Controls International will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Monday, March 25th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, March 22nd. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JCI. SPC Financial Inc. acquired a new stake in shares of Johnson Controls International during the first quarter worth about $428,000. Geneos Wealth Management Inc. lifted its position in Johnson Controls International by 4,672.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 84,848 shares of the company’s stock worth $5,542,000 after acquiring an additional 83,070 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Johnson Controls International by 4,782.9% in the 1st quarter. DAVENPORT & Co LLC now owns 1,254,613 shares of the company’s stock valued at $81,798,000 after purchasing an additional 1,228,919 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of Johnson Controls International by 5.7% in the first quarter. Rehmann Capital Advisory Group now owns 4,904 shares of the company’s stock valued at $320,000 after purchasing an additional 263 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. raised its stake in shares of Johnson Controls International by 6.9% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 52,256 shares of the company’s stock worth $3,413,000 after purchasing an additional 3,362 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.